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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-02-09
Most Southeast Asian stocks fall

Most Southeast Asian stocks fall

Most Southeast Asian stock markets fell on Tuesday as investors further cut positions in emerging equities, alarmed by growing inflationary pressures weighing on the region's large-capitalised stocks.
Published 09 Feb, 2011 12:00am
Bomb blast kills cop

Bomb blast kills cop

A roadside bomb targeting a police van killed a sub-inspector and wounded three others here on Tuesday, police said. The militants targeted the mobile squad of the local police near Pir Bala area during routine patrolling. Sub-inspector Rasool Shah died i
Published 09 Feb, 2011 12:00am
Limited progress at Thimphu

Limited progress at Thimphu

Unless we know other reasons - like the ever-suspected American pressure and persuasion - that obliged India's foreign secretary to sit with her Pakistani counterpart in the Bhutanese capital for bilateral talks over the weekend, what has forced this meet
Published 09 Feb, 2011 12:00am
Dangerous disruption

Dangerous disruption

The agitation by pilots against a memorandum of understanding signed between PIA and Turkish Airlines is absolutely unwarranted and blatantly uncalled for. It is a primary responsibility of any corporate management to explore avenues for revenue enhanceme
Published 09 Feb, 2011 12:00am
Causes behind delay: Public sector projects

Causes behind delay: Public sector projects

There is great public outcry against the endemic delays in completion of public sector projects. To quote a few, we see that the 1450 mega watts Ghazi-Barotha run off the river hydro power project was delayed by a good three years. This project came on ba
Published 09 Feb, 2011 12:00am
Flawed tight gas policy

Flawed tight gas policy

With the objective of promoting exploitation of non-conventional and tight gas resources, the Tight Gas Exploration and Development Policy 2010 is to be announced shortly by the Government of Pakistan. The Council of Common Interests (CCI) has already app
Published 09 Feb, 2011 12:00am
The tech helper: Fixing Microsoft Word annoyances

The tech helper: Fixing Microsoft Word annoyances

As the most-used application in the world's most popular productivity suite, Microsoft Word presents challenges by the day for millions. While the program mostly works as expected, the word processor also consistently puzzles even veteran users with unexp
Published 09 Feb, 2011 12:00am
Semblance of ordinary life resumes in Egypt

Semblance of ordinary life resumes in Egypt

Daily life seemed to be resuming to its ordinary patterns in Cairo on Sunday - after nearly two weeks of unprecedented civil unrest, as the spotlight turned to behind-the-scenes political developments as much as the camp of protestors on Tahrir Square. Th
Published 09 Feb, 2011 12:00am
Raymond Davis case

Raymond Davis case

There has been an uproar on the tragic incident of Lahore where an American national shot dead two Pakistanis. The suicide of wife of one of the killed persons, Faheem, has given a new twist to this grave matter.
Published 09 Feb, 2011 12:00am
Imports of Tops, Flats: NTC asked to raise customs duty

Imports of Tops, Flats: NTC asked to raise customs duty

A local manufacturer of Card Clothing Tops and Flats has approached the National Tariff Commission (NTC) for increase in customs duty on imports of Tops and Flats. According to an announcement of Pakistan Card Clothing Co (Pvt) Limited, a manufacturer of
Published 09 Feb, 2011 12:00am
President, Prime Minister discuss proposed moot

President, Prime Minister discuss proposed moot

Prime Minister, Syed Yusaf Raza Gilani called on President Asif Ali Zardari at Aiwan-e-Sadr on Tuesday. Current situation in the country was discussed during the meeting. The two leaders also discussed forthcoming caucus of leaders of all the political pa
Published 09 Feb, 2011 12:00am
FBR to seek ECC nod for bringing 0.7 million rich into tax net

FBR to seek ECC nod for bringing 0.7 million rich into tax net

The Federal Board of Revenue (FBR) has decided to seek permission from the Economic Co-ordination Committee (ECC) of the Cabinet for taking action against over 700,000 most rich and influential persons to take government into confidence before invoking en
Published 09 Feb, 2011 12:00am
Rs 155 billion needed for wheat procurement by public sector

Rs 155 billion needed for wheat procurement by public sector

The public sector wheat procurement drive, which will start in April, would require approximately Rs 155 billion to buy 6.5 million tons this year. Officials in Ministry of Food and Agriculture (MinFA) told Business Recorder the Punjab government w
Published 09 Feb, 2011 12:00am
JF-17 Thunder project a 'flagship' of friendship: Prime Minister

JF-17 Thunder project a 'flagship' of friendship: Prime Minister

Prime Minister Syed Yusuf Raza Gilani on Tuesday extended full support for the continuity of JF-17 Thunder aircraft programme, and said the project would prove as a flagship of Pak-China friendship. "This project can truly become as a flagship of our hist
Published 09 Feb, 2011 12:00am
Minister directs removal of irregularities found in token tax

Minister directs removal of irregularities found in token tax

Khyber Pakhtunkhwa Minister for Excise and Taxation Liaquat Shabab has directed the officers of Excise and Taxation for the removal of irregularities found in the token tax. Presiding over a meeting of the Excise Taxation Officers (ETOs) here at office of
Published 09 Feb, 2011 12:00am
Former test cricketer Sarfraz Nawaz joins MQM

Former test cricketer Sarfraz Nawaz joins MQM

Former test cricketer Sarfraz Nawaz Tuesday joined Muttahida Qaumi Movement (MQM). He made this announcement at a joint press conference with MQM leader Dr Farooq Sattar. MQM leaders Babar Ghauri, Raza Haroon and other prominent leaders were also present
Published 09 Feb, 2011 12:00am
Former test cricketer Sarfraz Nawaz joins MQM

Former test cricketer Sarfraz Nawaz joins MQM

Former test cricketer Sarfraz Nawaz Tuesday joined Muttahida Qaumi Movement (MQM). He made this announcement at a joint press conference with MQM leader Dr Farooq Sattar. MQM leaders Babar Ghauri, Raza Haroon and other prominent leaders were also present
Published 09 Feb, 2011 12:00am
President confers Hilal-e-Shujaat award on Bilour

President confers Hilal-e-Shujaat award on Bilour

President Asif Ali Zardari Tuesday announced conferment of civil award of Hilal-e-Shujaat on Bashir Ahmad Bilour, Senior Minister Khyber-Pakhtunkhwa, in recognition of his services and steadfastness in the war against militancy who called on him at the Ai
Published 09 Feb, 2011 12:00am
Rescue 15 recovers stolen car

Rescue 15 recovers stolen car

The Rescue 15 has recovered a stolen car within a short span of time and brought the car lifters to task. The police commandoes of Rescue 15 including ASI Akhtar Ali, Constables Ali Ahmed, Rafaqat Ali and driver Muhammad Akram received a call from control
Published 09 Feb, 2011 12:00am
'Iranian judiciary independent, executive-friendly'

'Iranian judiciary independent, executive-friendly'

Judiciary in Iran is totally independent and has no clash with the executives while judicial system has gone a long way in the positive direction since the Islamic revolution in 1979. This was stated by Syed Mohamad Zakiri, Director General of Culture Cen
Published 09 Feb, 2011 12:00am
Petroleum Products: Khuda Baksh made Chairman of FPCCI body

Petroleum Products: Khuda Baksh made Chairman of FPCCI body

The President of The Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Senator Haji Ghulam Ali vide FPCCI's notification dated January 25, 2011 has appointed Malik Khuda Baksh, leading businessman and social philanthropist as the Chairman o
Published 09 Feb, 2011 12:00am
Rice exports cross $1 billion mark in seven months

Rice exports cross $1 billion mark in seven months

The country's rice exports crossed $1 billion mark in the seven months of the current fiscal year FY11. This was announced by the Rice Exporters Association of Pakistan (Reap) in a press release issued here on Tuesday. According to Reap figures, 2.080 mil
Published 09 Feb, 2011 12:00am
Turkmenistan could help Pakistan overcome energy crisis: envoy

Turkmenistan could help Pakistan overcome energy crisis: envoy

Ambassador of Republic Turkmenistan to Pakistan Sapar Berdiniyazov on Tuesday said his country wants enhanced economic and cultural ties with Pakistan, which is one of the best investment destinations in the region. He said that Turkmenistan could help Pa
Published 09 Feb, 2011 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold rose 1 percent on Tuesday to its highest in nearly three weeks on a combination of inflation fears, a weaker dollar and a breach by spot prices of key resistance at bullion's 100-day moving average. A rise in Chinese interest rates for the second tim
Published 09 Feb, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper bounced to a slightly firmer finish on Tuesday, absorbing an initial hit from China's surprise interest rate hike which failed to dent the industrial metal's robust demand prospects for this year. The benchmark COMEX March contract eased 0.10 cent
Published 09 Feb, 2011 12:00am
US MIDDAY: grain futures mixed

US MIDDAY: grain futures mixed

Grain futures on the Chicago Board of Trade were mixed on Tuesday, with Minneapolis Grain Exchange March high-protein wheat leading other wheat contracts higher early, traders said. In general, an expected sell-off on news that China's central bank raised
Published 09 Feb, 2011 12:00am
US MIDDAY: sugar tumbles

US MIDDAY: sugar tumbles

Raw sugar futures tumbled after China's decision to raise interest rates weighed on prices, setting off technical stops and sparking a sell-off in the highly volatile market. Cocoa futures gained, recouping losses on the Chinese rate hike, as market parti
Published 09 Feb, 2011 12:00am
Gold jumps in Europe

Gold jumps in Europe

Gold rose more than 1 percent on Tuesday to $1,367.60 an ounce as traders covering short positions in the New York futures market pushed spot prices through key resistance at the metal's 100-day moving average. The metal unexpectedly made up the ground it
Published 09 Feb, 2011 12:00am
Gold ticks up in Asia

Gold ticks up in Asia

Gold ticked up on Tuesday after the euro bounced from a two-week low, but a rally in global stock markets and improved prospects of economic recovery were likely to cap gains. Spot gold added $1.44 to $1,351.90 an ounce by 0713 GMT, still well below a lif
Published 09 Feb, 2011 12:00am
US gold lower

US gold lower

US gold futures ended lower on Monday, weighed down by a more optimistic economic outlook and worries about interest rate hikes, but the bullion market was underpinned by inflation concern, analysts said. COMEX April gold futures settled down 80 cents at
Published 09 Feb, 2011 12:00am
Liffe sugar ends lower

Liffe sugar ends lower

Liffe March white sugar fell $30.80 to close at $768.70 per tonne on Tuesday. Chinese rate rise triggers selling in softs, including sugar. Liffe May cocoa closes 23 pounds higher at 2,123 pounds a tonne. Market focused on whether turmoil in Ivory Coast -
Published 09 Feb, 2011 12:00am
Malaysia's palm oil stocks hit six-month low

Malaysia's palm oil stocks hit six-month low

Malaysia's January palm oil stocks likely dropped to a six-month low as overseas demand outpaced sluggish output, a Reuters poll showed on Tuesday. Inventories in the world's No 2 producer dropped 10.2 percent to 1.45 million tonnes, the median survey of
Published 09 Feb, 2011 12:00am
New York sugar crawls higher

New York sugar crawls higher

Raw sugar futures sprang higher on Monday, buoyed by lower output forecasts in India and steady consumer buying as the market sought to establish the groundwork for another challenge of 30-year highs. Arabica coffee futures also rose as high-quality beans
Published 09 Feb, 2011 12:00am
US soyabean dips

US soyabean dips

Soyabean futures on the Chicago Board of Trade closed lower on Monday as professional traders rolled long positions from nearby contract months into deferred months as part of the Goldman roll, traders said. Grain prices had been higher early, led by whea
Published 09 Feb, 2011 12:00am
Tokyo rubber futures rise further

Tokyo rubber futures rise further

Tokyo rubber futures rose further on Tuesday on the back of concerns on falling supply, but weaker oil prices still weighed on prices, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery rose 8.1 yen, or 1.6 perce
Published 09 Feb, 2011 12:00am
US oil dips, Brent rises eyeing Suez Canal

US oil dips, Brent rises eyeing Suez Canal

US oil prices fell back on Tuesday in volatile trading while Brent crude clung to gains after news that Suez Canal operations were unaffected by strikes helped alleviate the latest concerns about Egypt's turmoil and the region's supplies. Strikes by worke
Published 09 Feb, 2011 12:00am
Copper falls on China move

Copper falls on China move

Copper slipped on Tuesday from record highs the previous session after China hiked benchmark interest rates, raising concerns of slower demand in the world's top consumer of base metals. Three-month copper on the London Metal Exchange fell to a low of $9,
Published 09 Feb, 2011 12:00am
US copper retreats.

US copper retreats.

Copper backed away from a fresh record high on Monday, its sixth in as many sessions, as prices fell under the weight of a firmer US dollar and began to show some signs of fatigue from the latest bull-run. Driven by longer-term considerations, copper pric
Published 09 Feb, 2011 12:00am
New York cotton bucks China rate rise to finish higher

New York cotton bucks China rate rise to finish higher

US cotton futures closed higher Tuesday on investment fund buying as tight stocks and brisk mill demand trumped an initial selling spree triggered by a rate increase in China, analysts said. Cotton futures stumbled earlier in the session after China incre
Published 09 Feb, 2011 12:00am
New website to open spy agency to public: CIA

New website to open spy agency to public: CIA

The CIA has launched a revamped website with links to YouTube and Flickr to help the public better understand the spy agency's often clandestine work, officials said. "The idea behind these improvements is to make more information about the Agency availab
Published 09 Feb, 2011 12:00am
Bullet sent to Russian embassy in Japan island row

Bullet sent to Russian embassy in Japan island row

A rifle bullet has been mailed to the Russian embassy in Japan, police said Tuesday, amid a worsening territorial row over a string of disputed islands. The disagreement over the Southern Kurils, known as the Northern Territories in Japan, has prevented t
Published 09 Feb, 2011 12:00am
Saddam targeted Bush, Rumsfeld daughters

Saddam targeted Bush, Rumsfeld daughters

Former US secretary of Defence Donald Rumsfeld revealed Tuesday that Saddam Hussein had a $60 million bounty on his daughters' head and also targeted ex-president George W. Bush's two daughters. "I was concerned," Rumsfeld told ABC's "Good Morning America
Published 09 Feb, 2011 12:00am
Sri Lankans rally for jailed former army chief

Sri Lankans rally for jailed former army chief

Thousands of Sri Lankan opposition activists staged a protest outside a jail on Tuesday to demand the release of former army chief and defeated presidential candidate Sarath Fonseka. Supporters of the JVP, or People's Liberation Front, shouted anti-govern
Published 09 Feb, 2011 12:00am
US Marine gets six years

US Marine gets six years

A US Marine captain was sentenced to six years in federal prison Monday for conspiring with his wife to skim nearly $1.7 million from government contracts in Iraq. Eric Schmidt, who still serves with the First Marine Division at Camp Pendleton, California
Published 09 Feb, 2011 12:00am
Russia expels British journalist

Russia expels British journalist

Russia has barred the Guardian's Moscow correspondent from the country, the British daily said Tuesday, in a Cold War-style expulsion possibly linked to his involvement in the WikiLeaks cables. Russian officials remained tight-lipped on the reason for the
Published 09 Feb, 2011 12:00am
Suspected US spy drone crashes in Yemen

Suspected US spy drone crashes in Yemen

A suspected US spy drone crashed near the south Yemen town of Loder on Tuesday before al Qaeda gunmen made off with the wreckage, a police official and witnesses said. The drone crashed in Jahayn village near Loder, in Yemen's Abyan province where al Qaed
Published 09 Feb, 2011 12:00am
Egyptians stage big protest, dismiss power plan

Egyptians stage big protest, dismiss power plan

Egyptians staged one of their biggest protests yet on Tuesday demanding President Hosni Mubarak step down now, their wrath undiminished by the vice president's announcement of a plan to transfer power. Protesters, many moved by a Google executive's tearfu
Published 09 Feb, 2011 12:00am
At least 297 killed: Human Rights Watch

At least 297 killed: Human Rights Watch

At least 297 people have been killed in protests against Egyptian President Hosni Mubarak since January 28, Human Rights Watch said, adding that the real death toll is likely to be significantly higher. Egypt researcher Heba Morayef said on Human Rights W
Published 09 Feb, 2011 12:00am
Gates urges Middle East countries to begin reforms

Gates urges Middle East countries to begin reforms

US Defence Secretary Robert Gates on Tuesday urged governments in the Middle East to take heed of spontaneous manifestations of discontent in Tunisia and Egypt and begin needed political and economic reforms. His remarks came as Egyptians staged one of th
Published 09 Feb, 2011 12:00am
Australian MPs weep for disaster victims

Australian MPs weep for disaster victims

Australian lawmakers wept Tuesday as they paid tribute to the tens of thousands of citizens whose lives have been rocked by floods, fires and cyclones, as authorities reined in a major blaze which gutted 68 homes. Prime Minister Julia Gillard choked back
Published 09 Feb, 2011 12:00am
French Prime Minister says Mubarak lent him plane for Egypt holiday

French Prime Minister says Mubarak lent him plane for Egypt holiday

France's prime minister dropped a political bombshell on his government Tuesday, admitting Egyptian President Hosni Mubarak lent him and his family a plane during a New Year's holiday in Egypt. The revelation came as France's foreign minister battled call
Published 09 Feb, 2011 12:00am
Campaign against tax havens launched at World Social Forum

Campaign against tax havens launched at World Social Forum

Civil society groups at the World Social Forum here launched an international campaign Tuesday to push members of the G20 group of leading economies to end financial secrecy in tax havens. "We want G20 leaders to end the tax haven secrecy that allows comp
Published 09 Feb, 2011 12:00am
Former Philippine military chief commits suicide

Former Philippine military chief commits suicide

A former Philippine military chief committed suicide while visiting his parents' grave on Tuesday, apparently distraught after being accused of corruption, authorities and friends said. Angelo Reyes, 65, who had also served as defence secretary and in oth
Published 09 Feb, 2011 12:00am
Afridi loves to entertain the crowds

Afridi loves to entertain the crowds

Flamboyant and controversial, Shahid Afridi came to the world's notice as a 16-year-old when he blasted the fastest century in a One-day match from 37 balls against the helpless Sri Lankans. Fourteen years on and now Pakistan captain, Afridi still enjoys
Published 09 Feb, 2011 12:00am
England's Morgan out of World Cup

England's Morgan out of World Cup

England batsman Eoin Morgan has been ruled out of the World Cup with a broken finger, coach Andy Flower told a news conference here on Tuesday. Left-hander Morgan's place in England's 15-man World Cup squad will be taken by Essex all-rounder Ravi Bopara.
Published 09 Feb, 2011 12:00am
Intikhab, Waqar call for Pakistan fresh start

Intikhab, Waqar call for Pakistan fresh start

Pakistan coach Waqar Younis and team manager Intikhab Alam called Tuesday for a fresh start for the national side after three key players were handed lengthy bans on corruption charges. Riding high after winning the Test and One-day series in New Zealand,
Published 09 Feb, 2011 12:00am
Murali to help Aussie spinners

Murali to help Aussie spinners

Legendary Sri Lankan bowler Muttiah Muralitharan is to take a guest coaching role at Australia's top cricket academy in a bid to revamp the nation's spin hopes, reports said Tuesday. Muralitharan, the world's leading wicket-taker in both Tests and one-day
Published 09 Feb, 2011 12:00am
Bangladesh eye World Cup quarter-final spot

Bangladesh eye World Cup quarter-final spot

Bangladesh captain Shakib Al Hasan on Tuesday said his team were aiming for a quarter-final place in the World Cup and warned they were capable of "something big" on home turf. The ace all-rounder said his side had grown in confidence recently after posti
Published 09 Feb, 2011 12:00am
Sterling declines

Sterling declines

Sterling slipped against the dollar and the euro on Tuesday as an increase in Britain's tax levy on banks dented investor sentiment towards the UK and triggered stop-loss orders. Britain slapped an extra 800 million pound ($1.3 billion) tax on banks, taki
Published 09 Feb, 2011 12:00am
Won hits 2-1/2 year peak

Won hits 2-1/2 year peak

Emerging Asian currencies mostly strengthened on Tuesday, with the South Korean won hitting a 2-1/2-year high, on bets that monetary authorities will allow more currency appreciation to keep price pressures at bay. Hedge funds and other short-term investo
Published 09 Feb, 2011 12:00am
Indian rupee strengthens

Indian rupee strengthens

The Indian rupee strengthened on Tuesday on some dollar inflows, but eased from a near one-month high after China raised interest rate for the second time in just over six weeks to tame stubborn inflation. The partially convertible rupee closed at 45.29/3
Published 09 Feb, 2011 12:00am
Swiss franc dips versus euro

Swiss franc dips versus euro

The Swiss franc dipped against the euro on Tuesday, following a remark by a member of the European Central Bank's governing council saying the ECB could raise rates to tame inflation before ending its liquidity support.
Published 09 Feb, 2011 12:00am
Australian dollar firms, kiwi lags

Australian dollar firms, kiwi lags

The Australian held near nine-month highs on the yen on Tuesday and edged up on the US dollar as investors took faith in surging metal prices and rising Australian bond yields. The Australian dollar held firm at 83.48 yen, having hit a peak of 83.71 on Mo
Published 09 Feb, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 71.15/71.15 (previous 71.15/71.15). Call Money Rates: 4.25-7.25 percent (previous 4.00-7.47 percent).
Published 09 Feb, 2011 12:00am
Euro flat in New York

Euro flat in New York

The euro ended little changed against the US dollar on Monday after reaching a two-week low, but near-term gains will likely be limited as weak German industrial data fuel doubts of interest rates rising in the eurozone.
Published 09 Feb, 2011 12:00am
Tuesday's midday trade: Dollar, Swiss franc slip

Tuesday's midday trade: Dollar, Swiss franc slip

The US dollar and Swiss franc fell across the board on Tuesday, with more losses seen likely, as investors ventured away from safe-haven currencies after tensions in Egypt eased. The euro, on the other hand, recovered broadly, lifted by demand from Asian
Published 09 Feb, 2011 12:00am
Australian dollar drops in London trade

Australian dollar drops in London trade

The Australian dollar fell on Tuesday after a surprise Chinese interest rate rise spurred speculation growth in the world's No 2 economy may slow, while the euro rose against the dollar, boosted by Asian demand. Other major currencies were little affected
Published 09 Feb, 2011 12:00am
Euro off two-week low

Euro off two-week low

The euro edged off a two-week low on Tuesday but lacked momentum after a drubbing the previous day when weak German industrial data further dampened expectations for a near-term eurozone rate hike. But with more Asian market players returning from Lunar N
Published 09 Feb, 2011 12:00am
Eonia rate rises, Euribor slips

Eonia rate rises, Euribor slips

Investors priced in a sharp rise in the cost of eurozone overnight borrowing on Tuesday after surprisingly low demand for European Central Bank loans looked set to squeeze banking sector liquidity conditions. Banks opted to renew 218 billion euros of the
Published 09 Feb, 2011 12:00am
FTSE jumps on banks, miners

FTSE jumps on banks, miners

Britain's leading share index jumped higher on Tuesday, ending at levels not seen since May 2008, supported by rallies from banks and miners, and by gains in energy issues following results from BG Group. At the close, the FTSE 100 index was up 40.30 poin
Published 09 Feb, 2011 12:00am
European shares down

European shares down

European shares slipped back from 29-month highs on Tuesday, after China increased interest rates again to fight stubbornly high inflation, raising concerns about economic growth. Chemical makers featured on the downside. Givaudan slipped 3.5 percent afte
Published 09 Feb, 2011 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares rose on Monday, supported by financial issues, as investors remained upbeat on the global economy following gains on Wall Street. The Korea Composite Stock Price Index (KOSPI) ended up 0.47 percent at 2,081.74 points.
Published 09 Feb, 2011 12:00am
Sri Lankan stocks at record peak again

Sri Lankan stocks at record peak again

Sri Lanka's share market gained to hit a new all-time closing high on Tuesday on heavy retail buying, while foreign investors were net sellers. The island's main share index touched a new intraday high of 7,416.92 before closing at 0.05 percent or 3.94 po
Published 09 Feb, 2011 12:00am
Hong Kong shares tumble

Hong Kong shares tumble

Hong Kong stocks failed to sustain mild opening gains for a second session on Tuesday as property developers and local banks dipped while defensives such as telecoms outperformed. The benchmark Hang Seng fell 0.3 percent to 23,484.3, with losses limited b
Published 09 Feb, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Feb, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (February 08, 2011).

Published 09 Feb, 2011 12:00am
Roundtable on economy: Zardari contacts parties

Roundtable on economy: Zardari contacts parties

President Asif Ali Zardari has called a roundtable conference of all political parties to address the economic challenges being faced by the country, along with important national and international issues. Sources in PPP on Tuesday told Business Record
Published 09 Feb, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (February 08, 2011).

Published 09 Feb, 2011 12:00am
Roundtable on economy: Zardari contacts parties

Roundtable on economy: Zardari contacts parties

President Asif Ali Zardari has called a roundtable conference of all political parties to address the economic challenges being faced by the country, along with important national and international issues. Sources in PPP on Tuesday told Business Record
Published 09 Feb, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (February 08, 2011).

Published 09 Feb, 2011 12:00am
Roundtable on economy: Zardari contacts parties

Roundtable on economy: Zardari contacts parties

President Asif Ali Zardari has called a roundtable conference of all political parties to address the economic challenges being faced by the country, along with important national and international issues. Sources in PPP on Tuesday told Business Record
Published 09 Feb, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 09 Feb, 2011 12:00am
Taxpayers got Rs 5.095 billion back after suo motu notice: FTO

Taxpayers got Rs 5.095 billion back after suo motu notice: FTO

Federal Tax Ombudsman (FTO) Dr Shoaib Suddle has that the taxpayers succeeded in obtaining refunds to the tune of Rs 5.095 billion during 2010 after the FTO took suo motu notice of the cases. Sharing one-year performance of the FTO Office, Dr Shoaib Suddl
Published 09 Feb, 2011 12:00am
New York cotton

New York cotton

The following were Monday's closing prices of New York cotton in US cents/lb.

Published 09 Feb, 2011 12:00am
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